The CBOT started the week on a high noted in early trade, but the soy complex quickly turned lower and pulled old crop corn futures lower too. Wheat was the stalwart for the day with both the KC and Chicago markets posting 30-35-cent gains. Funds were net buyers and index/investment funds continue to add exposure to the market. The Goldman roll finished its third day on Monday and will wrap up this week. World grain fundamentals remain broadly bullish and the continuing influx of investment indicates the CBOT will keep grinding higher. La Nina is strengthening again with the latest models indicating a 53-60 percent chance that the weather trend continues into July and August. That implies hot, dry conditions over the western U.S., in...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.